Bal Harbour & Bay Harbor Islands Condo Update – Quarter 4 2015 | Quarter 1 of 2016
The Bal Harbour / Bay Harbor IslandCondo Market in a Nutshell
♦ Average prices ♦ Inventory levels ♦ Number of sales
Get a quick overview of the Bal Harbour/Bay Harbor Islands Condo Market in the first half year of 2016
Our quarterly real estate updates are excellent to gather a pulse on the Bal Harbour / Bay Harbor Islandcondo market as we provide the market’s key indicators. Although our real estate updates are refreshed each quarter they focus on the last half year of Bal Harbour / Bay Harbor Islandcondo data to provide you with a more complete overview of the market. All data are derived from the MLS South Florida
Data are given for Bal Harbour / Bay Harbor Islandcondos in the price ranges of:
- $350,000 – $1M
- $1M – $2M
- $2M +
Summary of the Bal Harbour / Bay Harbor IslandCondo Market– Q4 2015 and Q1 2016
Please find all the data in the table below. For the more visual people, the graphs will follow hereafter.
Click on image to enlarge
The Average Sales Prices per Sq.Ft for Brickell condos
Have a look at the average sales prices per Sq.Ft for Bal Harbour / Bay Harbor Islandcondos in the last 6 months
Please note that this graph provides the data for three different price ranges.
Click on image to enlarge
The Months of Inventory for Brickell Condos
The months of inventory is an important indicator in real estate. It indicates how many months it takes to sell all the current listings under the assumption that no new listings will enter the market.
Please note that this graph provides the data for three different price ranges. The thicker, straight lines are trend lines and provide you with a better idea of to where the market is heading.
Buyer’s market: more than 9 months of inventory based on closed sales
Seller’s market: less than 6 months of inventory based on closed sales
Neutral market: 6 – 9 months of inventory based on closed sales
Click on image to enlarge
Bal Harbour / Bay Harbor Islandcondos for sale vs Bal Harbour / Bay Harbor Islandcondos sold
This overview provides you with the amount of condos that sold vs the amount of condos that were listed on the market. This says something about the supply and demand of the Bal Harbour / Bay Harbor Islandreal estate market
Please note that there are three different graphs for three different price ranges in the gallery
Click on images to enlarge
